Fantastic news for small business owners — the SBA direct PPP forgiveness portal is now open! Those who have borrowed $150,000 or less from the Paycheck Protection Program (PPP) can apply for PPP loan forgiveness directly through the SBA portal. This new direct forgiveness program will simplify the PPP forgiveness process and give faster relief […]
The Paycheck Protection Program (PPP) recently received an extension bill July 4th, offering business owners and self-employed individuals an additional 5 weeks to apply for a PPP forgivable loan (ending August 8th). Roughly 5 million businesses have already received funding; however, there are a large number of people who have still not applied. To date, […]
As the PPP deadline of June 30th looms less than a week away, we felt it was important to provide some context for the self-employed individuals looking to take advantage of the nearly $120B still remaining. Background: the Paycheck Protection Program (PPP) is a $660 billion dollar loan program. It was implemented by Congress specifically […]
